What’s the cost of life look like?
One of the most common questions People ask is how much will that cost me to live there?
Not a surprise given that a low cost of living may mean that you will be able to live comfortably. A significant share of moving decisions are made based on cost. A retired French man moving to Thailand for instance or a Singaporean moving to Malaysia.
We will try our best to provide you with the info you need.
Numbeo.com
Numbeo is so useful that we have to mention this website. Big applause for the folks who created it. You can easily access the cost of living in hundreds of cities worldwide. You can compare the cost of living in 2 cities. You can find out the average price of things like a 2 bedroom apartment, a meal, or one liter of gas. Here is the web address: https://www.numbeo.com/cost-of-living
The inflation trend
We observe a clear trend of price increases. If you move to another place we suggest you anticipate how prices will change there. Imagine you plan to move to Turkey. Turkey’s inflation is officially around 40% in early 2023. Do you foresee inflation to continue to increase there? If yes, are you ready to cope with this? It means that your rent could double over the next 2 years.
The price of housing is also increasing. Some areas in Costa Rica have seen the price of houses increase by 70% over 2020-2022. In this context, governments often increase requirements to enter the country.
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